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Insight Partners’ Deven Parekh on why the firm is diversifying while everyone else bets the farm on OpenAI and Anthropic

Written and edited by the WorldPing NewsdeskPublished Updated Original reporting: TechCrunch

What happened

Insight Partners' Devin Parekh opens up about losing Legora to General Catalyst, why he's fine holding stakes in rival AI labs, and why — even as everyone else piles into OpenAI and Anthropic — his $90 billion firm is deliberately staying diversified.

Key facts

  • Insight Partners' Devin Parekh opens up about losing Legora to General Catalyst, why he's fine holding stakes in rival AI labs, and why — even as everyone else piles into OpenAI and Anthropic — his $90 billion firm is deliberately staying diversified.
  • Reported by TechCrunch and published Sun, 13 Sep 2026 21:30:00 UTC.

Why it matters

Platform, chip and AI decisions set the terms other companies have to build on, so a single announcement here tends to ripple through products, supply chains and regulation.

What to watch next

  • Availability, pricing and rollout regions
  • Independent testing or verification of the claims made
  • Responses from regulators and competing platforms

Coverage timeline

When each newsroom published on this story, oldest first — all times UTC.

  1. The Smart Bird Feeders Everyone’s Talking About (and Actually Buying) (2026)

  2. Fusion power startups find new partners in the defense world

  3. David Sacks: OpenAI and Anthropic Don't Need Regulations to Pace Frontier Models

  4. Sam Altman says OpenAI won't file for IPO this year

  5. OpenAI’s rogue AI tried to hack another company in May

  6. Insight Partners’ Deven Parekh on why the firm is diversifying while everyone else bets the farm on OpenAI and Anthropic

Sources

The original report was published by TechCrunch. WorldPing does not claim that reporting — this page summarises and contextualises it.

Read the full report at TechCrunch

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